Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: sunnycb on June 27, 2022, 09:48:36 AM
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The entire crypto market is in between this dump which seems to be a really taking a long time to recover.
With the slight recovery now do you think this is the end of this bearish dump and we see another bullish run or it's too early to think about that.. any suggestions?
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Without knowing insider information, it's hard to speculate about further movement, it would be guesswork. I don't like guessing trading forex for example. When I see bulls in the market, the market will move up, but in the meantime the bears are in charge, so I think.
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I think it might need more time to recover.
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I am sure now this is the Bottom and BTC now gains some power.
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It's tough to make predictions without any inside knowledge, it's all just guesswork. Personally, I'm not a fan of guessing when it comes to trading forex. If I spot bulls in the market, I expect the market to go up, but for now, the bears seem to be in control, so that's what I think.
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any suggestions?
Just wait until it is monday and people can actually negotiate the ETF. This is speculative movement, but ETF will certainly allow more people to buy bitcoin, which means more money coming in.
This is bullish in the middle term. If you haven't, take this opportunity to accumulate some more btc
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I am sure now this is the Bottom and BTC now gains some power.
Let's just hope that Bitcoin will move the same as you have stated.
It is expected that the approval of ETF will take more time to show results, and there may be some higher officials who still disagree with the SEC's decision. We should anticipate that it will take more time before it can start dominating the market again. The market is volatile, so we cannot be certain if this is the bottom. However, the approval of Bitcoin can be viewed as another obstacle that has been overcome. We will see the results of this approval soon.
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It is expected that the approval of ETF will take more time to show results, and there may be some higher officials who still disagree with the SEC's decision.
Indeed. It probably takes time to show the impact of Bitcoin ETF.
What higher officials do you refer to? Although they disagree with SEC decision, they can't do anything because it is officially announced. I also believe that most higher officials should be happy with the decision, that's why SEC approved it. If they disagree, SEC probably won't announce to accept it.
The market is volatile, so we cannot be certain if this is the bottom. However, the approval of Bitcoin can be viewed as another obstacle that has been overcome.
The bottom is clear, it was in 2022 when the price below $20k. Now, the price of Bitcoin is above $40k. It doesn't makes sense to claim it as the bottom anymore.
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I am sure now this is the Bottom and BTC now gains some power.
Prepare yourself to see higher high and high low. We are already in that moment where you should be firm in accumulation becausw if you do not do it so, you might wait again for another cycle. But at the time, even if we are sure or aware that we might not see the bottom anymore for this cycle. Still, do not be lighted up by your emotion because when emotions are high, we cannot decide properly. Set your targets for this bull market and plan also what is your next move afterwards.
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Prepare yourself to see higher high and high low. We are already in that moment where you should be firm in accumulation becausw if you do not do it so, you might wait again for another cycle.
I don't really understand what you mean. But we are still in the very beginning of the peak, it is not the time to see the highest rate. So, why we think about accumulation now? It is not the time to sell the coins yet. Even some people are probably still collecting some coins for the peak. We shouldn't be afraid of missing the peak right now.
But at the time, even if we are sure or aware that we might not see the bottom anymore for this cycle. Still, do not be lighted up by your emotion because when emotions are high, we cannot decide properly. Set your targets for this bull market and plan also what is your next move afterwards.
Every time we buy coins, we must set a target for exit (take profits). It is just very careless if there are people who invest in crypto coins without specific targets. I myself already have a target in the first year of bearish season (2022). This is a normal way in crypto investment that every one must do. Never invest if you have no targets.
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It is expected that the approval of ETF will take more time to show results, and there may be some higher officials who still disagree with the SEC's decision.
Indeed. It probably takes time to show the impact of Bitcoin ETF.
What higher officials do you refer to? Although they disagree with SEC decision, they can't do anything because it is officially announced. I also believe that most higher officials should be happy with the decision, that's why SEC approved it. If they disagree, SEC probably won't announce to accept it.
I mean, although the Bitcoin ETF has been officially approved, there are still two commissioners who remain opposed to its approval. This means that despite the recent official announcement, not everyone voted in favor of the approval. It's possible that debates may arise due to this decision in the future. Anyway, this is just one of those possibilities and maybe a few reasons why there are still people who are doubting investing in Bitcoin.
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The market took a big dumping and that dumping continued till 2022 but the market started to recover from 2023 which is now in the last phase of recovery. Bitcoin price may have touched $66,000 and from that point the market came back below $15,000, but currently the market is once again in the $48,000 range, meaning that the price of Bitcoin is not far from reaching the peak. Similar is the situation with other currencies including Bitcoin other currencies are slowly recovering their value. If 2024 ends the way 2023 ended, we expect the market to break all previous records and touch new records.
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I am sure now this is the Bottom and BTC now gains some power.
Don't miss this opportunity, as I did in 2021. We will eventually be able to demonstrate that cryptocurrency can truly alter people's lives. If you invest today, you will not regret it later. Just invest what you can afford to lose, or invest your spare money, so you don't have to withdraw if it takes a long time to generate a profit. If you see it coming, grab some bags. I believe that after the pullback of Bitcoin, it will rise impulsively, including altcoins.
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I am sure now this is the Bottom and BTC now gains some power.
Those of us who are aware of bitcoin's potential would like to seize any chance to buy at a discount when prices are low. Could you make a comparison between the January price of bitcoin this year and the January price of last year when this post was made? If the math is done, the price differences(gains) are significant from last year investment when bitcoin was below $21k, till today's price when bitcoin is $39k.
That is the case when an investor uses a DCA method to make long-term bitcoin investments.
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The entire crypto market is in between this dump which seems to be a really taking a long time to recover.
With the slight recovery now do you think this is the end of this bearish dump and we see another bullish run or it's too early to think about that.. any suggestions?
Although the topic is old for a long time, so I don't want to go further with this topic. Currently, Bitcoin halving has started again in 2024, but I discussed a little.
Bitcoin halving was in 2020. Bitcoin price did not increase that much in that year, but like every year, the price of Bitcoin is the highest in the following year. 2021 was the best time for Bitcoin price to go up. And the year 2022 was a bearish market with market lows for Luna and Ftx. Once again 2024 is Bitcoin halving year so don't waste time and get attracted to investing fast this year.
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In 2022, the market is dumping due to the disappearance of various ATH tokens. More altcoins including Luna and FTX were wiped out from the market, causing all markets to fall and Bitcoin price touching $15500. And in the span of just one year from January 2023 to January 2024, the Bitcoin market rebounded again and touched $48,000. So I would like to say that such an upward trend in Bitcoin attracts investors. That's why we consider the Bitcoin market dumping as an investment opportunity because the Bitcoin market is sure to rise.
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I am sure now this is the Bottom and BTC now gains some power.
Yes your comment is correct. The price of bitcoin was down to gain its strength. By 2024, the current Bitcoin price has crossed $42,000. Which is likely this year to reach $100,000 as a bull market surge. In fact it acts like a godfather in the cryptocurrency world. What are your ideas?
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I think this is not a bottom, but this is the highest gaining power.
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In 2022, the market is dumping due to the disappearance of various ATH tokens. More altcoins including Luna and FTX were wiped out from the market, causing all markets to fall and Bitcoin price touching $15500. And in the span of just one year from January 2023 to January 2024, the Bitcoin market rebounded again and touched $48,000. So I would like to say that such an upward trend in Bitcoin attracts investors. That's why we consider the Bitcoin market dumping as an investment opportunity because the Bitcoin market is sure to rise.
When compared, the price of Bitcoin in 2022 and now is really very different. Imagine how many investors accumulated in that year, surely their portfolios would have swelled. Well, this is indeed one of the powers of investing or holding Bitcoin. There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations. This will be much better if we still wait until the peak of the bullrun occurs. Because you want to get the highest ATH for high profits too.
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There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations.
Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.
, it's always the fomo who taken the minds of majority, "maybe this might happen or maybe that", people can't avoid those thoughts and the results — always loss, or have a profit but not that much.
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There is no need to doubt it, as long as you understand when to buy and then hold, then the results will be in line with expectations, or even above our expectations.
Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.
, it's always the fomo who taken the minds of majority, "maybe this might happen or maybe that", people can't avoid those thoughts and the results — always loss, or have a profit but not that much.
In fact, many people fail to realize that trading is not as easy as imagined... in theory it is just buying at a low price and selling at a high price, or holding to avoid losses, but it turns out that is difficult to do. Many people still suffer losses due to not using careful calculations and are easily influenced by their own emotions.
Their hopes could be crushed, because the buying point they think is low, turns out not to be the real buying point... plus the wrong strategy they implemented makes it even worse.
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Unfortunately, some, or more people doesn't know when to buy and until when they have to hold their coins especially if a huge dump happens.
It is because people think they will avoid damaging more from where they are. Bitcoin has been declining for the last four days, and we have lost $10K in those four days. Some people started to believe that Bitcoin would continue to dump further due to the war between Iran and Israel. Some wanted to avoid more loss and started selling even though the price had jumped from $73K to $62K.
People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.
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People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.
Making mistake is inevitable ;)
However, compared to those people who have been in the crypto space for quite some time, they know what they need to do compared to those beginners.
Just like in a scenario where the beginners do not know if they will continue to keep their holdings or sell them to have the possibility of buying crypto at a lower value. While experienced crypto investors are either selling early or instead, they keep on adding more to their investment.
Even without knowing the future or the possible price action of the market, they have progress and a plan to be prepared until the next rally.
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People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.
This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
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People do these things because they are beginners in the crypto market. Some veteran members also make these mistakes. Just because we don't know the future, we make these mistakes.
This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
I agree, the more we involved ourselves in the market, the more we become aware of what is right or wrong. So for us, we don't panic, we validate first what is going out in the market before we make that decision to sell or not.
So not going to be easy even for those experience but at least with our experience, most likely we are not going to panic sell and let everything subside and settle down and it could be a win win if everything turns out that the dip is just the normal volatility that we are seeing in the market.
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This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.
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This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.
Experience they say is the best teacher and patience they also say is virtue.
When it comes to matters that requires people to learn and utilise the knowledge they've attained in order to avoid future mistakes, it's very important to allow newbies make their own mistakes because every successful trader or hodler also made theirs, so that when you tell them, they'll see things from your perspective. Just as you said, if you tell a newbie to HODL during a DIP because you're pretty sure that Bitcoin would recover and the newbie took your advice and HODLed with hopes that a bull run would magically appear, but the market continues to DIP, he'd blame you and say you've misled him and then possibly sell at a very low price.
But when you allow them make these mistakes, they'd see things in your own perspective when you try to explain how these things work to them and they'd possibly understand because they'll want to avoid the same mistake that led them to incur those losses.
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But when you allow them make these mistakes, they'd see things in your own perspective when you try to explain how these things work to them and they'd possibly understand because they'll want to avoid the same mistake that led them to incur those losses.
This is another reason why we write a favorite line, which is "This is not financial advise, and do your own research". But sometimes you have your closest friends who are going to make these newbie mistakes, you may still want to guide them even though you don't usually give financial advice.
I have a little story where one of my closest friends said "Bro, I cannot tell you what to do because it's your own money." I asked one of my friends if I should sell at 70K because I thought that we might see some corrections and that it might take a couple of weeks to recover. But, my friend said bro, this is pre-bull run. The bull run is yet to come. So, think before you do anything.
I should practice this as well. But most of the time, I end up giving suggestions to my friends.
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I have a little story where one of my closest friends said "Bro, I cannot tell you what to do because it's your own money." I asked one of my friends if I should sell at 70K because I thought that we might see some corrections and that it might take a couple of weeks to recover. But, my friend said bro, this is pre-bull run. The bull run is yet to come. So, think before you do anything.
I should practice this as well. But most of the time, I end up giving suggestions to my friends.
Selling or not actually depends on whether it includes the target you want to achieve or is still far enough.
Listening to advice from others should also consider whether you are able to withstand longer and are able to deal with declines that may occur outside the plan.
You need to have some spare money when all those hike plans fail and prices turn out to be more frivolous.
Give advice to others or vice versa, it is necessary to think about and do not take action based only on your logic without doing analysis.
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I have a little story where one of my closest friends said "Bro, I cannot tell you what to do because it's your own money." I asked one of my friends if I should sell at 70K because I thought that we might see some corrections and that it might take a couple of weeks to recover. But, my friend said bro, this is pre-bull run. The bull run is yet to come. So, think before you do anything.
I should practice this as well. But most of the time, I end up giving suggestions to my friends.
It wouldn't have been a bad decision if you had sold at $70k and then had bought again when it went to $60k, this way, you could earn more profit with your Bitcoin because you would take profit on the ones that you bought earlier, and then buy again when the price goes a bit down and then keep holding them until the bull run does what it does and then you take profit again from when you bought the second time.
People often get such opportunities but they can't make up their minds obviously because the market is unpredictable, if you sell at $70k and then it goes up instead of going down, you will regret your decision badly. So it's hard to make such decisions, to be honest.
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People often get such opportunities but they can't make up their minds obviously because the market is unpredictable, if you sell at $70k and then it goes up instead of going down, you will regret your decision badly. So it's hard to make such decisions, to be honest.
To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.
I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.
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This may be a normal situation. However, looking back, there may still be a difference between beginners and those who are old in the crypto space. For beginners, because of their ignorance or because of their panic, it is easy for them to make very hasty decisions when the Bitcoin market crashed quite drastically at this time. Yes, panic sells happen very often, especially among beginners who are increasingly worried that Bitcoin prices will continue to fall and won't be able to rise again.
As for veterans, perhaps they will never be free from mistakes like this. However, they should usually be wiser and more careful in making decisions to cut off or remain holding. Because usually, shareholders have certain targets to achieve.
I agree, the more we involved ourselves in the market, the more we become aware of what is right or wrong. So for us, we don't panic, we validate first what is going out in the market before we make that decision to sell or not.
So not going to be easy even for those experience but at least with our experience, most likely we are not going to panic sell and let everything subside and settle down and it could be a win win if everything turns out that the dip is just the normal volatility that we are seeing in the market.
Indeed, experience is something that is very valuable, because from experience we can learn. But more specifically, it will also depend on the person's personality, in assessing what happens to them and learning from experience. So this will give rise to quite a variety of decisions in the future. experience in trading, especially bad experiences, definitely not just 1 or 2 times, of course many times, and this is sometimes what makes us stronger and understand how to analyze and organize strategies in trading. The note is: we can really take lessons from this experience.
Sometimes we know that a newbie is making a mistake, but we cannot tell them not to do it because it is a financial matter. We cannot take risks in other financial matters. Imagine someone is going to sell now because Bitcoin is crashing at this moment, if you ask them not to sell and Bitcoin crashes further, he will start to blame you because you asked him not to sell his bitcoin. Even though we know the market will be normal again and Bitcoin will gain over time, they will still blame you and sell at a lower price. However, the person will buy again when he sees that Bitcoin has started to pump again. These things happen to all of us. LOL. Bitcoin is not for people who do not have patience.
It's quite a disaster when your heart's intention is to advise or give advice to someone. Because the situation may be different from ours. However, at least, the book provides some sharing of information so that people can be more open in their views and thoughts before deciding on something. because sometimes, they are only attracted by various influencers who definitely only spread sweet things. Meanwhile, we at least also provide balanced information about things that are risks too. And how to respond to panic attacks more calmly. So whatever happens to the market, we at least don't need to panic or get caught up in FOMO.
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To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.
I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.
Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.
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To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.
I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.
Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.
The idea that ALT coin means bad or ALT coin means less reliability is wrong. Everything has pros and cons and we must find the pros and use the best coins for our investment. If we are not very good at finding good coins in the market, then we should get good at it first. If we invest in the wrong coin instead of investing in the right one due to our own lack of skill and then blame all the ALT coins in the market for the losses then it will definitely be wrong for us. Instead of investing in the wrong coins in the market, invest in the right coins in the market and wait and hope that the results will not go against.
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Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.
It is not a bad idea only if they can pick the right coin. But people end up investing in a coin that pumped most recently and they think that the coin will pump further. Unfortunately, that is the mistake beginners make. Some of my locals bought Mavia that already pumped a lot and they thought it would pump further.
But due to the recent price correction, the market is crashing and those unnamed altcoins also crashing. Most of the unnamed altcoins lose more than 30% in the last couple of days. Even a coin like AVAX lose 30% in the last few days.
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It is not a bad idea only if they can pick the right coin. But people end up investing in a coin that pumped most recently and they think that the coin will pump further. Unfortunately, that is the mistake beginners make. Some of my locals bought Mavia that already pumped a lot and they thought it would pump further.
But due to the recent price correction, the market is crashing and those unnamed altcoins also crashing. Most of the unnamed altcoins lose more than 30% in the last couple of days. Even a coin like AVAX lose 30% in the last few days.
Mavia is not a good investment and not good for holding they thought it would become similar to Axie but they didn't realize that Axie just became hype due to the pandemic because we know most of people before did not have any job during covid.
Right now is different Mavia is a good token to hold it is a game it is a dead end for me if I invest to any blockchain game tokens that's a pretty bad idea.
About the price drop not only altcoins and tokens are drop but also Bitcoin is drop they are affected when the BTC price drop. If you are a trader I'm sure you are going to use Bitcoin as your indicator because when the price of Bitcoin spikes other coins/tokens too will spike.
Finding good coins is time-consuming even a good altcoin like Beam and Grin is now dying so that is why you need to diversify because you will never know the future of any project if these are going to die or be profitable in the future.
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The entire crypto market is in between this dump which seems to be a really taking a long time to recover.
the bottom did not stopped there because you have posted this after the halving effect in which the end of the bullrun and yeah the bear market is the thing when this thread was created.
With the slight recovery now do you think this is the end of this bearish dump and we see another bullish run or it's too early to think about that.. any suggestions?
2022 is the dark moment of crypto and indeed that 2023 last quarter and till now its increasing .
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Mavia is not a good investment and not good for holding they thought it would become similar to Axie but they didn't realize that Axie just became hype due to the pandemic because we know most of people before did not have any job during covid.
Right now is different Mavia is a good token to hold it is a game it is a dead end for me if I invest to any blockchain game tokens that's a pretty bad idea.
To be honest, I don't know much about the Mavia project as I haven't done any research about their project. But the hype they had was created from their airdrop event. A lot of people worked on their airdrop and they paid well to the airdrop hunters. One of my friends worked on their project as well and he got a good amount.
About the price drop not only altcoins and tokens are drop but also Bitcoin is drop they are affected when the BTC price drop. If you are a trader I'm sure you are going to use Bitcoin as your indicator because when the price of Bitcoin spikes other coins/tokens too will spike.
I know that altcoins will spike with Bitcoin. But, mostly altcoins spike when BTC moves sideways in a good market. For now, Bitcoin showing a good sign as the war between Iran and Israel isn't going to continue for now. Let's see if we enter to the bull run.
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The entire crypto market is in between this dump which seems to be a really taking a long time to recover.
the bottom did not stopped there because you have posted this after the halving effect in which the end of the bullrun and yeah the bear market is the thing when this thread was created.
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You're addressing someone who hasn't been active on the forum for more than 1 year, so your answer doesn't really make sense, right? In addition, 2022 is already in the past and it is better to focus on the future - although of course one should always learn some lessons from the past.
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To be honest, I don't care as long as I am at a loss like some others. My average accuiring price is around 40 to 45K and as you can see, we are still above that range. I have sold around 0.01 BTC at 70K because I needed that for Jakah and Eid. For now, I am holding tight because I don't need emergency cash for anything.
I often miss the opportunity because I do not hold fiat at all. 94% of my portfolio is Bitcoin only and the other 6% are some altcoins like Dot, AVAX, and some others. I am glad that I didn't exchange my Bitcoin for altcoins. Because A lot of my locals regretting their decision now.
Switching to altcoin is not bad either it depends on what altcoin you are going to hold since this is not altcoin season yet we can maybe see those altcoins that have not performed well recently might skyrocket in altcoin season. That is why keep diversify is a good idea pretty but to those who regret but if they believe that they hold a precious one they should keep holding it until altcoin season come.
Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season
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Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season
Let me tell you a harsh reality, this market is too sensitive, believe it or not, if the market manages to decline further, and if Bitcoin goes to $50k or below, we will witness a very large sell-off because people will start panic selling when they see that happening, they will start thinking that they should sell now before they lose more profit if they are still in profit, and they wouldn't think that the market will decline further if they sell.
My point behind saying all that is, that though I agree that this is a good opportunity to accumulate more coins and tokens that are good, one should make sure they are not going all in because there is always a possibility of the prices getting cheaper in the near future.
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Even though this thread is too old, it is kind of relatable now. If you ask, have we seen the ATH for this season already? I know most of you guys will say, "Not yet," but it seems like we are going to go down further. A couple of analysts said that if Bitcoin breaks the 59K support and the 57K support, then the season may turn around and it seems something bad is going to happen. Even though Hongkong ETF was approved as well, we are seeing net outflow in the US ETF for the last five days which resulted massive dump and panic selling as well. It seems we have to wait a long time to see the ATH from here. But, the question remains, which one is the bottom?
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Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season
That's totally correct,
When it comes to altcoin investment, the best approach would be to diversify your investments by spreading your investment, the same way HODLing across the altcoin season could also be a very effective and productive strategy too.
Just as you've mentioned, the whole market is in red right now, even Bitcoin, and since altcoins' price are mostly influenced by Bitcoin, altcoin price is also expected to be in red too. Although the decline doesn't mean that it'll stay that way or not recover, (when considering bitcoin investment) but it's another opportunity to buy and accumulate more coins.
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Exactly. Diversified investment is the pretty idea way to go with altcoin investment and hodl through the altcoin season. This time is not the time for an investor to complain about their loss of investment because generally the crypto market is in the red zone and it is expected that all altcoins to experience a decline in price, maybe in months, the market will bounce back and everyone will begin to smile back. As we already know, you don't lose in crypto unless you sell at a loss price. This is not the time to complain but instead, a time to accumulate more altcoins you believe will do well in the bull run season
It's normal in crypto that we see price declines there are no coins that keep increasing and no declines it's normal to see sometimes declines which is why there are exchanges and only traders can decide how much the price of the coin is.
Let's keep monitoring the bear market and let's wait again for crypto to stabilize before buying again because this is a good time again to buy at the cheap price before the big bearish coming including other coins and tokens.